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/biz/ - Business & Finance

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26456087 No.26456087 [Reply] [Original]

I feel like /biz/ is completely sleeping on AAVE and I don't know why. This coin is an absolute nobrainer that will just attract money and it has been consistently pumping without any big dips. Yet no threads about it but instead random shitcoins are constantly shilled. If we get together we might have enough proposition and voting power to improve AAVE too. For example I'd love if AAVE had renBTC so I wouldn't need to use wBTC. Should we have a general? Would you guys participate?

>> No.26456118

>>26456087
B U Y T H E T O P

>> No.26456138

>>26456087
i feel like shit because i sold this early last year. now the price seems too high

>> No.26456165

>rebased gubernance shitcoin
no thanks

>> No.26456166

Sleeping on Aave, 3 billion mcap. Lmao

>> No.26456242

The only defi loan model that makes sense is the MKR cdp model. Aave and others like are casinos for scammers

>> No.26456338

>>26456242
AAVE has a cdp loan system what are you talking about?

>> No.26456368

>>26456087
I own 5 Aave. bought back in November. Comfy hold, definetly gonna become number 1 DeFi soon enough

>> No.26456382

>>26456118
You'll constantly say this throughout this year

>> No.26456763

>>26456087
>sleeping on AAVE
It already has a fucking 2 billion dollar market cap
How high do you expect it to go man, why would we take the risk of a 100% loss only for maybe a 3x if we are really really lucky and the bull run continues until summer

>> No.26456811

>>26456763
correction, it already has a market cap of 3 MILLION USD

FOR WHAT?

A fucking governance token

>> No.26456852

>>26456138
Same

>> No.26456858

>>26456763
Same was Said when it was called Lend at $ .20 Look where it is now you will miss out again

>> No.26456875

>>26456087
all governance tokens are complete ass as an investment and are just vehicles for speculation with a brand name

>> No.26457007

>>26456763
>>26456811
Yes a governance Token that allows you to decide and vote for which coins you put on their platform. Any project that wants an AAVE listing wants the AAVE Token. Every platform that wants to check they don't get delisted wants the AAVE Token. The Winklevoss Brothers bought AAVE to get their GUSD on the platform. That's just the beginning. Banks that want their Stablecoins on the platform will want the Token. And if no more projects are added the liquidity just flows into AAVE like water. Even if you're super risk averse and not into crypto at all, the fact that you can park your stablecoin money there and get a save APR more than anywhere else in the world will spread around soon. Aave might become the biggest money pool in the world and I'm being really conservative here. All projects want an AAVE listening. Go ahead, name your shitcoin project of choice, they probably made a proposal to be listed on AAVE already

>> No.26457087

>>26456858
No, I already missed out. When it was called LEND at 20 cents it was indeed a good buy. Now, it is not.

>>26457007
Governance for AAVE is not and should not be worth 3 billion

>> No.26457119

>>26457087
Can you give a single reason why?

>> No.26457181

when will be added the balancer pool, by staking aave you will receive bal tokens + trading fees

>> No.26457510
File: 17 KB, 480x310, 1592277909765.jpg [View same] [iqdb] [saucenao] [google]
26457510

>>26456242
Literally same cdp system lol

>> No.26457657

>>26456087
why do people buy this token again? to stake for a measly 5% APY?

>> No.26457772

>>26457657
That's just an additional bonus but really people want the Token to get their projects on the platform. >>26457007

>> No.26457919

>>26457119
>>26457772
Give me a single example of someone needing to buy AAVE tokens just to get an asset listed. The GUSD was just a proposal that was approved by the community. If a project is good and someone wants it there, then it will have no problem getting approved. It is not possible for some shitcoin to buy up enough AAVE to have any meaningful influence. Nobody would spend even a fraction of the money needed for such influence, just to get a token listed on AAVE. How would the project creator even benefit from having their shitcoin on AAVE?

Governance is worth something but it is definitely not worth 3 billion. Token holders get no dividends.

>> No.26457992

>>26457919
They get 5% apy paid in aave

>> No.26458095

>>26457919
If you actually looked at the GUSD proposal then you'd realize that there was good counterarguments against adding it and if it weren't for Tyler Winklevoss participating in the governance himself and explaining how AAVE would benefit from Gemini exposure it would likely have been rejected or put on hold indefinitely with nobody really pushing for it. In fact the discussion was how Gemini would probably benefit more from the listing than AAVE would as GUSD is a super low market cap stable coin and wouldn't add much liquidity to AAVE.
There are many projects right now that don't have a chance to get listed because it doesn't get enough backing and nobody is assed to use their proposal power for someone else.
If you don't see the potential here I dunno what to tell ya, you probably have no idea how anything has value or makes money

>> No.26458140

When will any of these dapps use ovm so I can trade without losing $100 in gas each time.

>> No.26458261

>>26458140
https://beincrypto.com/aave-crosses-defi-layer-2-matic-bridge/

>> No.26458770

Not sure why everyone’s sleeping on it. Bought when it was LEND and won’t sell

>> No.26458804

>>26456087
And make a general. It would be helpful

>> No.26459420

>>26458804
Yeah I'm thinking about putting together resources and just linking how it all works
However seeing how this thread barely gets traction I wonder if it's worth it. Oh well if /biz/ wants to sleep on this I don't mind accumulating while nobody is watching

>> No.26459653
File: 83 KB, 660x643, 1124124415.jpg [View same] [iqdb] [saucenao] [google]
26459653

>>26459420
you are implying biz in intrested on anything more than shitcoin peddling last fucking good discussion around here was abck in 2017 link ico days and before that back in eth ico days so fucking looooong time ago
This board reeks overinvested lunch money 100x more tnan in bear 2018-2020 there is literally 0 yeld farming and defi discussions (you know palce where we all acually make money now), and when there is some its usually some fodocoin/ponzi trap for noobs or rugpull

2k aave whale here (i guess its whale status?) ill help you in generals IF it gets any traction but there is 0 chance fucking biz is "Not buying" aave because its "to hi" and "to big marketcap" since early 2020 white still literally 0 understanding why it jsut keeps going up and why is it so big

>> No.26459661

If I want a 10k loan off AAve how much should I put upfront?

>> No.26459732

>>26459661
Depends on collateral ratio but I'd say at minimum 2x, 4x if you want some comfort. 30k should have you covered at 2.1x, so that's a good amount, assuming it's one of the 70% assets.

>> No.26459799

>>26456087
Fuck AAVE it's controlled by the jew.

>> No.26459826

>>26456875
What are stocks

>> No.26459852

>>26456087
It had threads when it was 6c as Lend? I sold at 12c and has regretted it since. Good hold and has a use case for defi.

>> No.26459946

>>26456087
I tried to nab it and uni during the last btc dump. It came within $7 of my buy price.
Also tried to get UNI at the same time and it was within $0.40 of my buy price.
Tried to get Compountd too. Close but no dice. I did however manage to grab Maker under $1100 and riding with that for now.

>> No.26459953
File: 35 KB, 600x541, d29.jpg [View same] [iqdb] [saucenao] [google]
26459953

>>26459826
>they pay dividends

>> No.26460036

>>26459653
2k is 500k so I'd consider that a whale lol
I only have 12 Aave

>> No.26460180

36 AAVE here, should I sell any or keep holding?

>> No.26460379

>>26460180
I think selling will make you regret it more than missing swings. Aave doesn't dip much if it dips. It's really a coin for comfy hold and forget

>> No.26461243

Wait till all the idiots on this basket weaving forum realize what the insurance pool on aave is and how it's going to be used it for new revenue streams for the protocol. Check their aaveversary conference call from a week or 2 ago.. The plans for Aave get bigger and bigger everytime they succeed in adding to the platform and all they do is succeed. People have mentioned in this thread wait until the general public sees you can just deposit usdc or any other stable and get immediate 8-15% usually on the high end. More and more locked in the protocol means more exposure more people who see the potential and want revenue streams so they buy the token. Long term Aave is one of those things people here will look back on and say it was so obvious that was gonna get huge with all the different things it does we should've bought in or bought more but we missed the boat so we'll just be salty.

>> No.26461322

>>26456087
OP, I'm really interested in having serious discussions about the intrinsic value of defi coins.
What I don't understand about AAVE is the value proposition. Take for example SNX: You can stake it and gain (as of now) over 30% APY. That's a reason to buy the coin and stake it. The price can rise a lot more because people will want to do this exact thing and earn transaction fees.

But what about AAVE? What's the value proposition?

>> No.26461344
File: 119 KB, 921x788, 20210104_222516.jpg [View same] [iqdb] [saucenao] [google]
26461344

>>26456087
Who here are excited for rAAVE?

>> No.26461525

>>26461243
This is what I also don't get. Aave is one of those super obvious platforms that will just exist. Like it's position in DeFi as use case is probably more secure than Uniswap. Yet I never see people here talk about AAVE. Maybe only when some coin partners with aave to hype that coin up but I never see discussions about AAVE

>> No.26461600

>>26461322
As for now Aave has its value purely as governance Token. It does have some staking rewards as insurance token to secure the network, but it's main value is being an owner of the network that is the biggest DeFi lending platform. It's like asking what the worth of a Binance share is. It's value comes from its position in the market not because there is huge speculation or promises of gains

>> No.26461608

AAVE isn't discussed because everyone is already wide awake to how obvious it is. Who's sleeping on AAVE?

>> No.26461624

>>26461344
I still don't know what rAAVE does

>> No.26461664

>>26461608
Seeing how AAVE isn't even in the top ten coins yet... A lot apparently

>> No.26461712

>>26461322
The holders of the token will eventually vote to have all the revenue either burn the token or pay dividends. Owning the token is ownership in the protocol and there are more and more revenue streams the protocol is tapping into. The insurance pool, private pools that are already on aave, flash loans which are only getting bigger and bigger with more people figuring out how to use them, borrowing, lending, collateral swaps, and there's way more I'm missing and even more yet to be discovered. All these things will generate revenue and you have to figure out who that revenue is going to go to.

>> No.26461783

>>26461600
>It's like asking what the worth of a Binance share is.

Well, that's different. If you're talking about BNB coins, their price kept increasing because the coins is used to get a discount on fees. So if you trade on bina a lot, buying BNB first to pay half the price on your fees has been a no brainer. This fact has created a constant demand for BNB coins, leading to a price increase.

With AAVE the question is: What is the value of governance? Is it really something I should speculate on or should I better invest my money into something like CRV or SNX, where I have clear token use case?

However, as said before, always looking for input on fundamentals. If you're not just a shill, feel free to join here: discord dot gg / tebwEwv

>> No.26461818

>>26459653
Any idea where are better places to find good discussions on crypto? I'm honestly tired of biz only come here for link threads

>> No.26461827

>>26461712
You add up all these things in a decentralized way and we're going to see aave get bigger and bigger and eventually not be known as decentralized finance and just be known as finance

>> No.26461856

>>26461712
Me? because i bought an internet shekel? GIBSMEDATREVENUE

>> No.26461896

>>26461525
>Yet I never see people here talk about AAVE.
/biz/ is dead man like the other anon pointed out. Pretty much most of this board missed out on the defi run including myself because all the jeets were only interested in shilling the hottest currycoin of the week. I really wanna find better places to discuss crypto.

>> No.26461902

>>26461818
Check the link I posted in the post above yours. It's not much, but good discussions arise.

>>26461712
>The holders of the token will eventually vote to have all the revenue either burn the token or pay dividends

Now this is more interesting. So isn't it similar to UNI, where it's expected that the holders will soon vote to receive dividends?
So in essence you'd be buying AAVE now to get a chance of being in later when new rules are in place?

>> No.26462003

>>26461624
It's a token that rebases on AAVE price. When you stake AAVE you farm rAAVE. The treasury will use the staked AAVE to earn more AAVE.

>> No.26462066

When will they move my aave loan from v1 to v2? Its nice that you can swap your collateral in v2 so you can sorta swing trade while its locked up in the loan

>> No.26462156

>>26462003
Can you already stake AAVE??

>> No.26462170

>>26460379
yeah i think you're right! I was considering selling last month and would have regretted that so hard, I guess im waiting for a ridiculous correction bringing it down $50 or so, but maybe its not even properly priced in yet at its new bottom

>> No.26462175

LMAO you see this big rising? go for shitty coins topic
want to check top gem? check fucking great xsn with 1m daily volume
that’s what you should take and forget about this trash that you try to shill

>> No.26462233

>>26461902
Correct but I can't speak for uni and what it's like. Don't expect aave to vote soon to where that revenue will go, but look into all the ways they are creating new revenue streams on the protocol. Stani and the rest of the team are focused on improving aave and adding to it so they'll keep improving and by the time people realize all the different things it does and money it makes it'll be too late the token will be worth way more than it is now.

>> No.26462366

>>26461783
I mean SNX and CRV are definitely great coins but they are valued for different reasons than AAVE. I hold all three of them but AAVE is my biggest stack, mainly because I'm unsure how big the price swings on SNX AND CRV will be when the APY goes down for whatever reason. AAVE doesn't promise any APY and still rises in value, not because people are speculating hard on it (I mean they do like on every coin, but there's no AAVE TO THE MOON threads like with other coins) but simply because people want to reserve voting rights on one of the most legit project in the space. And as >>26461712 the governance can always decide to give revenue to Token holders if they decide that's beneficial. I really think Governance Tokens of big platforms are really underestimated around here and I also regret not holding any UNI

>> No.26462424

>>26462175
I don't know why you'd make it an either or. I only bought SNX because cause it's on AAVE. I think both platforms have great synergy with each other.

>> No.26462482

>>26461664
Pardon my bias. imo AAVE is an obvious top 5 end of bullrun.

>> No.26462604

been out of crypto since 2017, bought AAVE as LEND and completely forgot about it. Still got 36 in my kucoin account, should I get them outta there and into my Metamask wallet?

>> No.26462718

>>26462156
Not yet. The website is https://raave.io/..

Should start sometime next week. Probably good idea to do it as soon as it starts for maximum gains

>> No.26463357

>>26462366
As you said governance tokens of big platforms are underestimated here, and I know I'm biased but it really feels like aave will be the biggest platform. All the different uses for it, the ui is so smooth and looks/operates great.. anyone who plays around with it should want to own some of the token to be a part of this new technology that's exciting and growing with more and more potential

>> No.26463545

>>26463357
Yes I feel exactly the same way. I get giddy when I think about AAVE and where it's going I don't feel this way about any other Token

>> No.26464018

>>26463545
Yeah think we definitely see it the same. It's weird to come here to biz where aave was introduced to me and see all the garbage being talked about when there's extremely obvious low/almost no risk projects that are building incredible things that no one here talks about. Wish there were better places to talk about projects but the nature of crypto makes it hard to trust any information you read from forums or chats

>> No.26464158

>>26462066
That's up to you when you want to make the change. There is a migration tool on your Aave dashboard so you can do it without having to close out your loans. Gas is expensive if you're moving a lot of loans/collateral at once so do it at like 3am.

>> No.26464663

>>26464018
Agreed. I come to /biz/ simply because even with all the shilling and pajeets and shitcoins it's still the one place where I can trust to find useful discussions

>> No.26464815

>Token supply 12 million
>On Coinbase
>Alt season has barely started

It really is that simple, that's like saying Chainlink has no room to grow because it's already mooned to $20. AAVE, UNI, SUSHI, and SNX are moving to the top 10-15, and the market caps will be 70-100 billion. If you think AAVE is close to the top, you must be new to crypto.

>> No.26464881

>>26456138
Same

>> No.26465039

>>26461344
what is this? seems no one cares here in biz so it should be something good

>> No.26465193
File: 614 KB, 1242x2208, AAVE.jpg [View same] [iqdb] [saucenao] [google]
26465193

>> No.26465517

>>26461818
There's some good YouTube channels that has great discussions in the comments section

>> No.26465773

>>26465039
>>26464520

>> No.26465973

>>26465517
Could you suggest some?